STS Global Income & Growth Trust (LON:STS) Share Price Passes Above 50 Day Moving Average – Should You Sell?

STS Global Income & Growth Trust (LON:STS) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 228.27 ($2.96) and traded as high as GBX 237 ($3.07). STS Global Income & Growth Trust shares last traded at GBX 232 ($3.01), with a volume of 291,769 shares traded.

STS Global Income & Growth Trust Trading Down 1.7 %

The business has a 50 day simple moving average of GBX 228.27 and a 200-day simple moving average of GBX 221.37. The company has a current ratio of 0.87, a quick ratio of 0.40 and a debt-to-equity ratio of 4.92. The stock has a market capitalization of £295.80 million, a price-to-earnings ratio of 2,109.09 and a beta of 0.42.

STS Global Income & Growth Trust Increases Dividend

The business also recently announced a dividend, which was paid on Friday, October 25th. Investors of record on Thursday, October 3rd were issued a GBX 1.59 ($0.02) dividend. This represents a yield of 0.7%. This is an increase from STS Global Income & Growth Trust’s previous dividend of $1.53. The ex-dividend date was Thursday, October 3rd. STS Global Income & Growth Trust’s payout ratio is presently 6,363.64%.

Insiders Place Their Bets

In related news, insider Gillian Elcock acquired 4,390 shares of the stock in a transaction dated Thursday, September 5th. The stock was bought at an average cost of GBX 228 ($2.96) per share, with a total value of £10,009.20 ($12,980.42). 26.93% of the stock is currently owned by insiders.

About STS Global Income & Growth Trust

Securities Trust of Scotland plc is a closed-ended equity mutual fund launched and managed by Martin Currie Fund Management Limited. It is co-managed by Martin Currie Investment Management Limited. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors.